ESSOR – Volet 4: Appui à l’internationalisation des entreprises (ESSOR’s Stream 4: Support for the Internationalization of Companies)

By mmuise
Description:

This stream is designed to Increase the presence of Québec companies in global supply chains by supporting them in their more complex internationalization strategies.


Comments on Funding:

1. Funding may take the form of:
- a repayable contribution,
- a loan guarantee (reimbursement guarantee of up to 70% on the net loss),
- an equity investment, or
- a non-refundable contribution.
2. The repayable contribution and the loan guarantee are the preferred forms of financial intervention.
3. Management fees (study fees) of at least 0.5% of the amount of financial assistance granted are payable by the company.
4. Annual guarantee fees of at least 0.5% of the guaranteed amount are payable.

Deadline: Before March 31, 2024
Eligibility:

Eligibility criteria:

  • The applicants must be a for-profit business, a cooperative or a social economy business.
  • All sectors of activity are eligible except for the following sectors:
    a) primary sector (agriculture, forestry, fishing and hunting);
    b) mining, quarrying and oil and gas extraction;
    c) real estate and rental and leasing services;
    d) public services;
    e) personal services;
    f) management of companies and enterprises;
    g) health care and social assistance;
    h) administrative and support services
    i) finance and insurance;
    j) arts, entertainment and recreation;
    l) accommodation and catering;
    m) retail, unless the business meets these three criteria:
    i. it carries out pre-production activities (product development);
    ii. it carries out post-production activities (commercialization, marketing and distribution);
    iii. it has its head office in Quebec.
Application Steps:

-

Documentation Needed:

-

Other Things to Note:

The program ends on March 31, 2024.

About the author
mmuise